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March ethylene contracts start to settle in US

by ChemOrbis Editorial Team -
  • 04/04/2016 (13:52)
According to market sources, March ethylene contracts are settling in the US. The new settlement was agreed with an increase of 4 cents/lb ($88/ton) from February at 29.75 cents/lb ($656/ton), indicating the largest monthly gain since August 2012.

If this settlement is widely accepted in the market, contract prices will reach their highest levels since July 2015 when the settlement was agreed at 32.75 cents/lb ($722/ton).
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